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Yes, a verbal contract between two or more parties can be legally binding, but it may be more difficult to enforce compared to a written contract.

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AnswerBot

5mo ago

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Related Questions

Is a legally-binding agreement between two or more parties.?

A contract is a legally binding agreement between two or more parties.


A is a legallybinding agreement between two or more partie?

A contract is a legally binding agreement between two or more parties.


Is off the record legally binding?

No, information that is "off the record" is not legally binding. It is an agreement between the parties involved, but it does not hold the same weight as a legally binding contract.


What can I do to cement an agreement between two parties and make it legally binding?

You can draft a contract that states the terms of sub-letting the office space, and get both parties to sign it. This will make the agreement legally binding.


What is a contract, which is an agreement between two parties that creates an obligation?

A contract is a legally binding agreement between two parties that establishes a mutual obligation to fulfill certain terms and conditions.


What are Legally Binding Contract Terms?

The text set forth in any contract explains its terms. Once the parties have signed all the provisions in the contract become mandatory as between the parties.


How binding is a purchase agreement?

Contracts are legally binding on both parties to them.


Can a car dealership refuse to pay off trade when it is in the contract?

A contract is a legally binding agreement between the parties who have signed it, unless written into the contract otherwise, all parties are bound by the terms of the agreement/contract they signed.


Is it possible for a text message to be legally binding?

Yes, a text message can be legally binding if it meets the requirements for a contract, such as offer, acceptance, and consideration, and if both parties intend for it to be legally binding.


Is agreement synonymous with contract?

No, agreement is not synonymous with contract. An agreement is a mutual understanding between parties, while a contract is a legally binding agreement that outlines specific terms and conditions.


In contract law, how is consideration characterized?

Consideration in contract law is characterized as something of value exchanged between parties, such as money, goods, or services, in order to make a contract legally binding.


What are legally binding contracts?

A legally binding document is one whose terms can be enforced by a court of law. An example is a marriage certificate and a contract.